Marvell Technology (NASDAQ:MRVL) Stock Price Down 4.4% on Analyst Downgrade
Marvell Technology, Inc. (NASDAQ:MRVL – Get Free Report) shares were down 4.4% on Friday after Stifel Nicolaus lowered their price target on the stock from $130.00 to $115.00. Stifel Nicolaus currently has a buy rating on the stock.
Why Marvell Technology Stock Is Plummeting Today
The stock of Marvell Technology (NASDAQ: MRVL) is getting hit with big sell-offs on Thursday following the company's recent earnings report. Sell-offs for Marvell after earnings are also triggering valuation pullbacks for other artificial intelligence (AI) and semiconductor stocks.
Marvell Technology (NASDAQ:MRVL – Free Report) had its target price cut by Bank of America from $150.00 to $120.00 in a ...
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The chipmaker fell sharply early Thursday as its slight earnings outlook failed to impress investors looking for a boost to ...
Despite topping those key guidance metrics, Marvell’s stock fell more than 15% after-hours. This year, investors have been ...
Shareholders in Marvell Technology, Inc. ( NASDAQ:MRVL ) had a terrible week, as shares crashed 23% to US$70.84 in ...
Nvidia Corp.’s stock was among the many semiconductor stocks moving lower in Thursday morning action, in the wake of Marvell ...
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Marvell Stock Falls 20% on Dim Q1 Sales View: Should You Buy the Dip?Marvell Technology, Inc.’s MRVL shares tumbled nearly 20% following its fourth-quarter fiscal 2025 earnings report. This was ...
The hardest thing about making custom AI chips for large, demanding customers might be the expectations that go with it.
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